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Halliburton And Mincom Sign Intent To Offer Imaging Software In Geolog Package
HOUSTON, Texas - Halliburton Energy Services and Mincom, Inc. announced today that they have signed a letter of intent to integrate Halliburton's logging application software into Mincom's geological and petrophysical applications environment "GeoLog." This will enable GeoLog users to interpret logging data using Halliburton's borehole imaging software.
The initial package will include Halliburton's Electrical Micro Imaging (EMI) software which allows oil and gas operators to evaluate structural and sedimentary features, textural characteristics, thin beds and fracture orientation with a high level of precision. The 2-D and 3-D graphical interface produces images that are core-like in visual quality. Using the system, operators can better map reservoir sand geometries and diagenetic events across fields, reduce cored intervals by calibrating the image to the core, and more accurately place perforations in thinly bedded or fractured reservoirs.
Mincom's GeoLog is a multi-well, multi-zone, multi-user geological and petrophysical applications environment for processing downhole data. It is widely accepted and used throughout oil and gas exploration and production companies due to its openness, flexibility and intuitive interface.
Chevron Corporation was instrumental in the effort to incorporate Halliburton's imaging software into GeoLog. Chevron's Jim Gunter said, "Halliburton's imaging technology is used stand-alone in some of our business units, while GeoLog is used extensively in all business units. Integrating Halliburton's applications into GeoLog will place these applications directly into our work processes. Chevron will receive both improved efficiency and utility from the integrated system, increasing its value to Chevron."
According to Ted Davis, General Manager of Petroleum Systems for Mincom, incorporating Halliburton's imaging software into the GeoLog environment will introduce users to a new realm of interpretative capabilities. "We believe Halliburton has the industry's premier imaging software. By combining our proven geologic and petrophysical environment with Halliburton's significant imaging capabilities, we can offer our customers a 'best of breed' combination."
Mike Feechan, Director of Engineering Systems for Halliburton, said the move gives Halliburton the opportunity to put the software on the desks of many customers who have been interested in using it internally. "This is an alliance which brings the strengths of two companies together for greater value. It will give our customers the opportunity to use our 2-D and 3-D imaging software in an environment which is already familiar to many of them."
The two companies said they also plan to actively pursue the integration of other Halliburton software applications into GeoLog.
Mincom, Inc., a subsidiary of Mincom Pty. Ltd. Australia, is a leading provider of computer software products and services used in the energy, mining, processing, defense, utilities and transportation industries.
Halliburton Energy Services, a Halliburton Company (NYSE: HAL) organization, is one of the world's leading suppliers of energy products and services. Founded in 1919, the organization provides a broad range of services and products to the energy industry on a global basis.
Contact
Brandon Lackey
Public Relations
(p) 713.624.3463
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